Steppe Cement Limited Market Update for the First Half of 2020 (4856S)
09 Luglio 2020 - 08:00AM
UK Regulatory
TIDMSTCM
RNS Number : 4856S
Steppe Cement Limited
09 July 2020
Steppe Cement Ltd
Market Update for the First Half of 2020
In the first half of 2020, Steppe Cement Ltd ("Steppe Cement" or
the "Company") sold 764,752 tonnes of cement for 13,677 million
Tenge, compared with 780,315 tonnes of cement for 14,079 million
Tenge in the first half of 2019. This represents a decrease of 2%
in volume and a decrease of 3% in turnover over the same period in
2019.
The average price for the current period for delivered cement
was 17,884 Tenge per tonne (ex-VAT), compared with 18,042 Tenge per
tonne in the corresponding period of 2019. The ex-factory price for
the current period was 14,727 Tenge per tonne, compared with 15,148
Tenge per tonne in the corresponding period of 2019.
The cement market in Kazakhstan increased by 2% during the first
half of 2020, compared with the same period last year. Shipments of
cement from local companies followed the same trend. Imports
represented 6% of the local market, remaining stable, and exports
from Kazakhstan were reduced by 2% to 0.84 million tonnes. Steppe
Cement's local market share was 16.5% in the first half of 2020 and
the Company exported 11% of its sales, as in 2019.
It is difficult to predict the market in 2020 as the government
has declared a new country-wide lockdown for two weeks from 5(th)
July due to Covid 19. This could be extended.
Steppe Cement's AIM nominated adviser and broker is RFC Ambrian
Limited.
Nominated Adviser contact: Stephen Allen or Andrew Thomson on
+61 8 9480 2500.
Broker contact: Charlie Cryer at +44 20 3440 6800.
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END
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